International sanctions: implications for shipbrokers

As of February 2025, shipowners in the Western hemisphere have reportedly earned over US$6.3 billion from the sale of aging tankers, many of which have eventually joined the so-called “shadow fleet.” Such vessels are often used to circumvent sanctions, particularly in...
Read More

Ship Owners Turn to Second Hand Ships

Ship Owners Turn to Second Hand Ships
Shipping investment activity was much more evident in the S&P market over the past week, rather than the newbuilding segment. In its latest weekly report, shipbroker Banchero Costa said that “in the Panamax segment, Vietnamese interests were behind the purchase of...
Read More